Berenberg keeps Buy rating for RWE stock with EUR 72.00 target

Published on 10/02/2026 at 13:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RWE reported EUR 2.16 earnings per share in the second quarter. RWE stock costs EUR 58.66 on October 2, 2026 after EUR 58.42, plus 0.41 percent.

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RWE stock (ISIN DE0007037129) was trading at EUR 58.66 at Lang & Schwarz on October 2, 2026 at 1:36 p.m. CEST, while Berenberg retained a Buy rating and a EUR 72.00 price target on September 28, 2026, according to Finanznachrichten. The quote was up 0.41 percent versus the Lang & Schwarz prior close of EUR 58.42 on October 1, 2026.

Analysts favor the grid strategy

Berenberg's September 28 assessment points to sustainable growth opportunities and flexible capital allocation at RWE. Its EUR 72.00 target is EUR 13.34 above the Lang & Schwarz price, but the two figures come from different reference points and are not combined into a return calculation.

Goldman Sachs set a EUR 75.00 target for RWE in a September 2, 2026 European stock selection, according to CNBC. The bank linked its view to grid investments, potential data center agreements, stronger US renewable returns and possible US LNG profits, while noting RWE's 55 percent stake in grid operator Amprion.

Second-quarter earnings beat estimates

RWE reported EUR 2.16 earnings per share for the second quarter of 2026, 242.90 percent above the analyst estimate, while revenue reached EUR 3.34 billion and matched the forecast, according to Investing.com on September 9, 2026. The gap between the earnings surprise and the unchanged revenue estimate makes the quality of the result more important than the headline percentage.

That distinction matters for valuation. A large earnings-per-share variance without revenue growth can reflect trading, valuation or other income effects, so the next reported period will show whether the improvement extends into operating performance.

Price stays below the yearly high

RWE's market capitalization stood at EUR 44.1 billion on October 2, 2026. The same-day 52-week range was EUR 39.00 to EUR 62.00, leaving the Lang & Schwarz price below the upper end while keeping the stock well above its yearly low.

The combination of analyst targets and the current range creates a clear test for the investment case: future gains depend on grid expansion, renewable capacity and earnings delivery rather than on a single quarterly surprise. RWE's investor-relations materials identify the second-quarter reporting period and the company's Xetra listing, while the company profile classifies RWE as a diversified utility headquartered in Essen.

RWE stock trades at EUR 58.66

At Lang & Schwarz, RWE stock was trading at EUR 58.66 on October 2, 2026 at 1:36 p.m. CEST, plus 0.41 percent versus the prior close of EUR 58.42 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of RWE stock.